Naples Global Advisors LLC Takes Position in ESPEY MFG & ELECTRONICS CORP $ESP

Naples Global Advisors LLC purchased a new stake in shares of ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,227 shares of the company’s stock, valued at approximately $285,000. Naples Global Advisors LLC owned about 0.22% of ESPEY MFG & ELECTRONICS at the end of the most recent quarter.

Separately, Wealth Enhancement Advisory Services LLC acquired a new position in ESPEY MFG & ELECTRONICS in the second quarter valued at about $219,000. Hedge funds and other institutional investors own 36.65% of the company’s stock.

ESPEY MFG & ELECTRONICS Price Performance

NYSE ESP opened at $39.00 on Friday. The firm has a 50-day moving average of $45.44. ESPEY MFG & ELECTRONICS CORP has a 12 month low of $24.85 and a 12 month high of $55.00. The firm has a market capitalization of $114.04 million, a PE ratio of 13.00 and a beta of 0.17.

ESPEY MFG & ELECTRONICS Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 19th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.6%. ESPEY MFG & ELECTRONICS’s dividend payout ratio is presently 33.33%.

About ESPEY MFG & ELECTRONICS

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company’s principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high-power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications.